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Wednesday, 7 November 1973
Page: 1563

Senator GREENWOOD (VICTORIA) - I ask a question of the Attorney-General on the assumption, which I think he shares, that the provisions of the ACT Companies Ordinance dealing with takeovers are designed to prevent any acquisition or control of any listed company without all shareholders having an equal opportunity to dispose of their shares unless the acquisition or control occurs by means of purchase in the ordinary course of trading on the stock exchange. On that assumption I ask: Have the recent publicised dealings in the shares of Australian and Kandos Cement Holdings Ltd come to the AttorneyGeneral's notice in view of the fact that it is a Canberra registered company? If so, does the Minister consider that the provisions of the Ordinance are operating effectively in the light of these publicised dealings? Has any investigation been made of these dealings?

Senator MURPHY (NEW SOUTH WALES) (Attorney-General) - They have not come to my personal notice. It may be that something is being done about them by officers of my Department. I will inquire into the matter and let the honourable senator know.

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